M&A Deal Summary

La Banque Postale Acquires KissKissBankBank

On June 28, 2017, La Banque Postale acquired internet software and services company KissKissBankBank from XAnge

Acquisition Highlights
  • This is La Banque Postale’s 1st transaction in the Internet Software and Services sector.
  • This is La Banque Postale’s 1st transaction in France.

M&A Deal Summary

Date 2017-06-28
Target KissKissBankBank
Sector Internet Software and Services
Buyer(s) La Banque Postale
Sellers(s) XAnge
Deal Type Add-on Acquisition

Target

KissKissBankBank

Paris, France
KissKissBankBank is a collaborative platform for funding innovative and creative projects. KissKissBankBank was founded in 2009 and is based in Paris, France.

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Buyer(S) 1

Buyer

La Banque Postale

Paris, France

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

La Banque Postale is a French postal bank provides services to over 10.8 million active private customers, as well as more than 400,000 customers businesses, professionals, social economy actors and local public sector bodies. La Banque Postale was founded in 2006 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

XAnge

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 31 of 42
Sector: Internet Software and Services M&A 5 of 10
Type: Add-on Acquisition M&A Deals 20 of 26
Country: France M&A 21 of 30
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 European Homes

Paris, France

European Homes operates in new-build housing development, including the development of private housing estates, intermediate housing, apartment buildings and to a lesser extent, serviced plots. European Homes was founded in 1973 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Technoflex

Bidart, France

Technoflex designs, manufactures, and sells plastic flexible bags and connectors for the healthcare industry. It offers polyvinyl chloride, EVA, polyethylene, polycarbonate, and polypropylene plastic bag products to hold the solutions and fluids used primarily for IV infusion, dialysis, transfusion, and other therapeutic applications, such as drug reconstitution. Technoflex was founded in 1972 and is based in Bidart, France.

Sell -